Richelieu Advisors was participating to the 1st Healthcare Summit between India and France, held in Paris. It was a great opportunity to understand the new trends shaping the healthcare landscape in both countries. The audience was lucky enough to hear highly recognized professionals, like Dr Naresh Trehan, CEO of Medanta Hospitals. He talked about his hopes that a new type of medicine is rising, a mix between the Indian traditional Ayurveda medicine and the high technology content medicine we’ve known in Occident for a while now. During these two days, there was also room for healthcare startups to show us their technology
We would like to thank Véronique Briquet-Laugier for organizing that event, as well as all the participants for the numerous insights they shared with us and look forward to participating next year.
Richelieu Advisors was participating to the India Forum organized by Business France in Paris on December 2nd, 2016. Many company directors from both countries gathered on that occasion to discuss business. His Excellency Dr Mohan Kumar, Ambassador of India in France, gave a speech highlighting the links forged between our two nations. France remained loyal to India even during the trouble period following the nuclear trials conducted by India, illustrating the rise of India as a global military and scientific power. For several years, France is considered as a reference for its dedication to the improvement of commercial bilateral relations and technical cooperation.
We were happy to be invited for business meeting from numerous ambitious Indian companies interested by the opportunities of the French market, and by extension the European market. The specific needs varied from creating partnership with French companies to identifying distribution networks through Europe.
We thank the Business France team for organizing this forum. It was success for us and many delegates we were lucky to meet during the day.
An agreement was signed in April 2016 between Coface and BPI France that makes official the transfer of the Coface Credit Insurance activity, among others, to BPI France. A dedicated branch, named BPIFrance Assurance Export, should be created before the end of the year 2016. This decision from the French government is in line with what was started around two years ago when UBIFrance and the Agence française pour les investissements internationaux (French Agency for International investments) were merged to become BUSINESS FRANCE. The goal is to increase the readability of public insurance scheme for companies (mainly SMEs) willing to export. This is an attempt to reduce the French trade deficit: in the first half of 2016, exports fell by 2.4% in value (-0.1% in volume).
The Coface Credit Insurance services protect companies against potential non-payment by their customers, with cover provided in approximately 200 countries, hence reducing exposure to exchange-rate risk and country risk.
In the case of an Indian company looking for opportunities abroad, we suggest two insurance services particularly valuable:
– Tradeliner: It is a comprehensive and tailor-made offer to prevent of and cover against the risk of unpaid invoice. It safe-guards cash-flow and profit margin and is an effective tool to enhance credit management, bringing financial stability and facilitating the healthy growth of your business.
– Topliner: It is designed for situations where, for a given buyer, the insured company has received a guarantee with an amount which is less than that requested (or no guarantee at all). The price depends on the risk assessment, the guaranteed amount and duration of the requested cover. This contract is particularly sought-after by companies looking to cover a high-priority or highly profitable development project.[i]
Richelieu Advisors provide support to Indian companies willing to develop their activity in the European market. Our range of services extends from opportunity studies to local operational support including application for financial support from Coface and BPI France.